Eurocurrency is currency deposited by national governments or corporations, outside of its home market. Commonly it is currency held in banks located outside of the country which issues the currency. Eurocurrency is when an institution uses money from another country, but not in the originating country's home market. Despite the name, euro currency can involve any currency. Deals made in euro currency are usually brokered to take advantage of discrepancies in lending practices or currency exchange rates.
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